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Feasibility studies provide in-depth analytics that can protect your investment in the high-stakes venture of land development. Before groundbreaking, before the first shovel of dirt is moved, this study guides the entire process, helping ensure a successful project and assisting your efforts to have it completed on time and within budget.
We’ll take a closer look at a feasibility study for land development and how it helps determine the viability criteria of a plot of land—and why it’s a critical tool in protecting your sizable investment.
Feasibility studies for land development are often referred to as due diligence studies, one of the many critical services we offer.
Since 1979, we have served central North Carolina, providing a wide range of services including due diligence, land planning, civil engineering and surveying. Our pledge to you is that you won’t have to worry about the details when you work with us.
We see ourselves not as a vendor, but as a partner in your success, and everything we do works toward that goal. We invite you to experience our dedication to detail and tell us about your project.
12 Ways a Feasibility Study for Land Development (Due Diligence Study) Protects Your Investment
The clarity of due diligence is key to help your projects move smoothly from concept to construction. You should not invest time and resources into development without understanding what your site can realistically support. And that’s made possible through sound due diligence.
Our detailed research empowers proactive decisions as we analyze feasibility, constraints and risks.
There’s no room for uncertainty when dealing with land development projects. That’s why due diligence studies are so important: They allow you to take a proactive approach.
Some ways these due diligence/feasibility studies for land development can help reduce risk and reveal opportunities include:
- Analyzing the zoning regulations and how they can affect future land use.
- Evaluating the topography of the area, which includes analyzing its size, shape and location.
- Researching easements and rights-of-way to determine how they affect your project.
- Researching adjacent properties; the use and characteristics of adjacent properties can be crucial.
- Checking for wetlands and other environmentally sensitive areas.
- Evaluating basic soil characteristics, groundwater depths, and potential soil contamination.
- Discovering the availability of utilities and how that can affect development.
- Confirming stormwater management requirements can be met.
- Evaluating the traffic and transportation situation, examining both the current state and what is needed for your project.
- Preparing conceptual layouts to confirm feasibility of project program.
- Estimating the construction and land entitlement costs.
- Providing a realistic project schedule; because we pay such careful attention to detail, you can count on Ballentine to help you reach your deadline.
Why Are Feasibility Studies for Land Development (Due Diligence Studies) Important?
We reviewed some of the reasons above, but to recap, a feasibility study for land development provides a detailed analysis that can protect your investment and help ensure a smooth and successful process.
By uncovering any potential problems before the project gets started, it minimizes risk and helps you avoid costly mistakes.
At Ballentine Associates, we know that the big picture is important, but it’s often the tiniest details that can derail a project. That’s why you need to work with a firm that can eliminate a lot of the stress by granting you peace of mind that we are a partner in your success.
We invite you to discover why our dedication to detail has made us one of the most trusted firms in the region, serving clients in the Triangle area and throughout central North Carolina. We want to learn more about your project, so please contact us today.
What Factors Are Considered During a Land Feasibility/Due Diligence Study?
We mentioned a few of these earlier, but some of the key factors considered during a land feasibility study include:
- Zoning regulations
- Topography
- Proximity to utility services
- Wetlands/flood zones/soils issues
- Stormwater management
- Transportation/access issues
- Details about development costs
- Informed profitability predictions
Who Should Seek a Land Development Feasibility Study?
Those who should seek a study include:
- Anyone who has invested capital in the project
- Real estate developers
- Property owners
- Architects
- Engineers
- Banks or lenders
We Don’t Just Handle the Details; We Listen
At Ballentine Associates, we know that every aspect of each project must be carefully evaluated because there is no room for error. One of the reasons we excel at this aspect is because we take time to listen to our clients. It’s why we’ve been a trusted partner since 1979.
We want to know more about your project! Let us bring you the peace of mind you deserve so you can concentrate on your vision—we’ll handle the details.
Key Takeaways:
- Feasibility studies (also called due diligence studies) analyze the economic, physical, legal, and logistical aspects of a development site before any construction begins.
- They help identify potential problems early, minimizing risk and avoiding costly mistakes.
- Key factors evaluated include topography, zoning regulations, wetlands, utilities, soil conditions, stormwater management, traffic, and construction costs.
- Easements, rights-of-way, and adjacent property characteristics are also researched as part of the process.
- These studies differ from land surveys, which focus only on physical measurements and boundaries.
- Stakeholders who benefit include developers, property owners, architects, engineers, and lenders.
- Ballentine Associates has offered these services in central North Carolina since 1979.
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Sources:
Feasibility.pro, “What is Land Development Feasibility Study?” https://www.feasibility.pro/what-is-land-development-feasibility-study/
